TORONTO, Aug. 28, 2013 /CNW/ - Mario Miranda announces that he has
acquired an aggregate of 848,334 common shares of Folkstone Capital
Corp. (the "Company") in connection with the amalgamation of Folkstone
Capital Corp. ("Folkstone") and Sophia Capital Corp. ("Sophia") (the
"Amalgamation") pursuant to the provisions of the Business Corporations Act (British Columbia), Policy 2.4 of the TSX Venture Exchange entitled
"Capital Pool Companies", and the terms and conditions of an
amalgamation agreement dated July 26, 2013 between Folkstone and
Sophia.

Upon completion of the Amalgamation, each Folkstone share was changed
into one common share of the Company and each shareholder of Sophia
became eligible to exchange their common shares of Sophia for common
shares of the Company on the basis of 1.09 common shares of the Company
for every one (1) common share of Sophia outstanding immediately prior
to the time on the date on which the Amalgamation became effective.

Pursuant to the Amalgamation, which became effective on August 27, 2013,
Eric Owens, Mario Miranda, and Eddy Canova have been appointed to the
board of directors of the Company. Mr. Owens will serve as Chief
Executive Officer and Mr. Miranda will serve as Chief Financial Officer
and Secretary of the Company. The said 848,334 common shares represent
approximately 14.46% of the issued and outstanding common shares of the
Company. Mr. Miranda held no securities of the Company prior to the
acquisition discussed above.

Reference is made to the Company's press release dated August 28, 2013
with respect to the completion of the Amalgamation.

Mr. Miranda may in the future increase or decrease his ownership of
securities of the Company from time to time depending upon the business
and prospects of the Company and future market conditions.